Asked by Alexa Gonzalez on Apr 27, 2024
Verified
Organized-gambling venues such as those at Las Vegas tend to attract:
A) risk-loving individuals only.
B) even risk-averse people because they are designed to allow individuals to win.
C) people who may be irrational in their choice of gambling and are often risk-averse.
D) only professional gamblers.
Organized-Gambling Venues
Places such as casinos or sports betting facilities where gambling activities are regulated and officially sanctioned.
Risk-Loving Individuals
Persons who prefer outcomes with more risk for the chance of higher rewards, as opposed to safer options.
- Grasp the manner in which individuals averse to risk behave and their methods for managing risk.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
C
Explanation :
Organized gambling venues such as Las Vegas tend to attract people who may be irrational in their choice of gambling and are often risk-averse. While some individuals may be risk-loving, the design of these venues is actually to ensure that the house always wins, rather than allowing individuals to win. Therefore, option B is incorrect. It is also unlikely that only professional gamblers would be attracted to such venues, making option D an incorrect choice as well.
Learning Objectives
- Grasp the manner in which individuals averse to risk behave and their methods for managing risk.